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SUNRISE AT DEATH VALLEY-Photo by Tom Cochrun

Tuesday, October 25, 2011

A BAD SOURCE COULD HAVE IT RIGHT

A CONTRADICTION IN A TIME

OF FAILING MEDIA

Something to remember about the confused media today is that just because it comes from a source with a point of view, does not mean that it is not right. Fox gets things right. MSNBC gets things right. So do all of the nets and even many on line sources despite the fact that some, too many to my liking, have staked out a political or philosophical skew. Amongst the chaff is some real wheat but you must discern.

It used to be easier when journalists cared about

information first, before the tyranny of ratings

and the need to be a "profit center."

Objectivity used to matter.

Unless you only read the Economist and watch the BBC, about the only way you are going to get "the straight news" is to consume information from all over the spectrum. We should be doing that anyway, but most of us rely on the same old...

Glass-Stegall ? Remember your history? Here's something the OWS has done well. Regardless of the "commercial like" close consider the historic clips and the point they make about banks.

Here's the wikipedia paragraph that lays it out. Look what the repeals did and consider those in light of credit default swaps and other such scams. The point is, we had strong economic growth without devastating recession UNTIL we began "repealing" and de-regulating.

The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks.

We may not always like the source, but we are served by

remembering that sometimes the truth can come

in thorny packages. Very few of the Old Testament

prophets would have won a popularity contests.

Political dialogue in the US has been hijacked by ideologues, zealots, hacks and cable news "personalities." While most of it is bilious and not worth your time,